Faisal Bank Report

8/2/2019 Faisal Bank Report

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Faysal Bank shares its mission statement with the DMI Trust. Our mission being The

introduction of a just and equitable financial system by being a world class multi-purpose

financial institution, providing a range of specialized services, working on Shariah

principles.
http://www.faysalbank.com/index.cfm


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Faysal Bank started operations in Pakistan in 1987, first as a branch set-up of Faysal

Islamic Bank of Bahrain and since 1995 as a locally incorporated Pakistani bank under the

present name of Faysal Bank Limited. On January 1, 2002, Al Faysal Investment Bank

Limited, another group entity in Pakistan, merged into Faysal Bank Limited which resulted

in a larger, stronger and much more versatile institution. In fact it has the highest share

capital amongst private banks in Pakistan and is amongst the largest in terms of equity.

Faysal Bank Limited is a full service banking institution offering consumer, corporate and

investment banking facilities to its customers. The Banks widespread and growing

network of branches in the four provinces of the country and Azad Kashmir, together with

its corporate offices in major cities, provides efficient services in an effective manner.

The strength and stability of Faysal Bank Limited is evident through the Credit Rating

assigned by JCR-VIS Credit Rating Company Limited of AA (Double A) for long to

medium term and A-1 (A one) for short term

The majority share holding of Faysal Bank Limited is owned by companies of the Dar Al

Maal Al Islami Trust (DMI) including Shamil Bank of Bahrain E.C. The remaining

shareholders comprise of the general public, NIT and other Pakistani institutions. The

Banks shares are quoted on the Karachi and Lahore Stock Exchanges

BRANCH NETWORK


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City Number of Branches

Number ofemployees per

branches

Branch inter Link

Karachi 22 13 DSL / Radio links

Lahore 18 12 DSL / Radio links

Islamabad 4 12 DSL / Radio links

Rawalpindi 3 12 DSL / Radio links

Peshawar 3 11 DSL / Radio links

Faisalabad 4 12 DSL / Radio links

Multan 2 12 DSL

Mirpur 1 9 Radio links

Sialkot 1 10 Radio links

Vehari 1 7 Radio links

Bahawalpur 1 7 DSL

Gujrat 1 8 DSL

Gujranwala 1 9 DSL

Gujar khan 1 8 DSL

Hyderabad 1 8 DSL

Okara 1 9 Radio links

Rahim Yar

Khan

1 10 Radio links

Sargodha 1 9 Radio linksKharian 1 8 Radio links

Jhang 1 7 Radio links

Quetta 1 11 DSL


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PRODUCTS

DEPOSIT ACCOUNTS

ADVANCES


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CONSUMER FINANCE

(Personal Loans)

STAKEHOLDERS


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Stake holders Communication channel

(IT related)

Frequency of

communication

Parent Bank (DMI Group) Islamic Banking System

(IBS)

Lotus notes

Monthly basis

Local Shareholders Financial statements Quarterly basis

Deposit Holders Banks Website-

Print Media

Electronic media

Schedule of charges (print aswell as electronic)

Daily basis

Employees Lotus notes

Banks Payroll (internal ITmodules)

Daily basis

Customers (Loanees/ lessees) Banks WebsitePrint Media

Electronic media

Schedule of charges (print as

well as electronic)

Daily basis

Government Annual / quarterly returns(both on line and offline)

Monthly basis

State Bank Daily and monthlysubmission of data as

required by various

legislations for Prudential

Regulation

Daily / Monthlybasis


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Other Financial Institutions Lotus notes Daily basis

Business Enterprises IBS, Lotus notes Daily basis(depends upon

customerpersistency )


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E-COMMERCE

TYPS OF E-COMMERCE PERCENTAGE OF

USAGE

1.Online banking 5%

2. ATM Machines 75%

3.Bank accounts 100%

4.E-Bill payment 5%

5.Information facilities 80%

DECISION SUPPORT SYSTEM

Types of software se in business support system

SCM

CRM

HRM

LIMS

SYMBOLS DMTS

PURPOSE

Sales monitory

Client data base

Commission

Profit & loss of various decisions

MIS Reports


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KEY TELECOMMUNICATION NETWORKS

Networks DSL, Radio links, Star Network

Media / Channels DSL, Radio links

Processor Server Dell

USES OF INETERNET

Surf Click to your desire link and surf your material, its have theirwebsites on internet

E-mail Customers, client and other user of faysal bank even contact tem

through e-mail services through extranet and intranet service

Online banking Stakeholders can also do their banking transaction through online

banking with debit and credit cards.

Other Uses You can obtain any sort of information and any other things

related to faysal bank.


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HARDWRES USED IN THE ORGANIZATION

IBM

DELL &Compaq server

Machines

Fax machines

Personal PC in Each cabin

Printers

Scanners

Teller

Other desktops

BENEFITS BY THIS HARDWARE

These hardwares benefit the organization in the following ways:

Making MIS Reports.

Making Ledger & Financial Statements.

Keeping advance and deposits updates.

Support in decision making.

Issuing the financial reports and balance sheets of the bank. Help in keeping the accurate records for monitory transactions.

SUGGESTIONS FOR THE BETTERMENT

The hardware should be inline with the latest technology as available with ht

market and operating being used by competitive banks.

Renewal of the system on fund basis

They must develop a proper research and development department.


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SOFTWARE USED IN THE ORGANIZATION

APPLICATION SOFTWARE:

LIMS Lease information Management System

IBS Islamic Banking software

Deposit Management

Lotus Notes

Transaction system

Electronic mail

Presentation Graphics

Web Browsers

Spread Sheets

SYSTEM SOFTWARE:

Windows XL

All programs of Microsoft

Language Translators

BENEFITS BY THESE SOTFWARES:

Assist in generating key Management information reports Decision making is quick and accurate

Reliance of customer over the bank increases as customer gets documents such asbank statements, loans repayments schedules and other computer generated

correspondences in good presentable form.


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AUTOMATION

Symbols-New Core Banking Software is in implementation process. Once

this is implemented, Faysal Bank automated procedures would increase

many folds.

One of the difficulties is facing by banking sector is the internet upgrading

because it cost a lot of money

Banking sector train the employees to enable them to work properly on the

online transaction programmed.

The bank size also effect the internet upgrading.

55% of the automation in the organization is done by the e-commerce.

Organization is also trying to increase this % to 95%.

Banks must have the security system in there online banking.

Faisal Bank Report

Documents

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